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I'm finally back, I didn't have an opportunity to trade in the last 2 days but I did watch it. We had big moves in the eurjpy and gbpusd, if someone where to follow this system they would have made a good few 100 pips in just these 2 days. The biggest problem with this system is like ruparaw pointed out here, that you need to be in front of the screen all day to catch it. This is the main reason, why an EA is called for. Its hard to imagine how one would ignore a system like this which could have made you 500+ pips (from Eurjpy and GU) profit just this week alone! Last edited by dav12028; 08-08-2007 at 06:18 PM. |
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Wookey, while I was away I thought of exactly this point that you made here. I'd like to add a rule, that if the first AO bar appeared when the ATR was over 0.08 we do not enter even if by the time the 2nd bar appears the ATR is back in normal range. The same applies if the first bar had a candle of 8 pips we don't enter this trade. These rule safeguards you from a quick move like you mentioned. In regards of prevention from slow moves, don't we already have the rule of below 0.02 ATR; are you suggesting here you have a new idea?
Last edited by dav12028; 08-08-2007 at 07:08 PM. |
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I need a little clarification.
You wrote: Quote:
By "price" do you mean the close? |
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| Posted By | For | Type | Date | |
| Eurjpy In and Out Scalping. by Forex trading | This thread | Refback | 10-12-2007 10:47 AM | |
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